Matahari Putra Prima, an Indonesian hypermarket operator, has affirmed its commitment to divest its non-core businesses as it seeks to focus on growing its Hypermart retail chain, its chief said on Friday.
MPP owns TimeZone, a play-zone operator for children, Times Bookstore, property units and investment and financial service-provider arms.
Despite these businesses making good earnings, the bulk of MPP’s revenue comes from Hypermart, which as of last year operated 12 stores in Indonesia.
(Source: Jakarta Globe )